Meyer steel-invests in its Finnish shipyard

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The Meyer family will more than double its investment commitment to its shipbuilding yard in Turku - from EUR 75 mln to EUR 185 mln.

The new round of investments will include three new lines - for plate and profile cutting (to be supplied by the Loimaa-based Pemamek), as well as a panel one. The new steel production facilities will feature laser-hybrid and digitally-controlled welding technology. All of them are to come online in late 2018/early 2019.

"We are rebuilding Turku shipyard into a modern ship assembly factory. After these investments we will have one of the world's most modern steel productions that will enable the ramp-up of our production,” Mika Heiskanen, Head of Steel Production, Meyer Turku, commented.

Jan Meyer, Meyer Turku's CEO, added, "For the shipyard this will be a giant leap forward to prepare for the increasing international competition. We really need these investments along with the full and stable work effort of our shipbuilding teams to fulfil the promises we have made to our customers."